Defending Iceland?
Ok ok..........who put Iceland on e-bay!
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Typhoons to Iceland
Novembers AFM states the following....
"Typhoon Force is currently declared to NATO and is due to undertake its first deployment to Keflavik, Iceland in December to provide air surveillance and interception capability. The deployment is being undertaken in support of NATO's agreement to meet Iceland's peacetime need for Quick Reaction Alert cover. The first three-month commitment was provided by French Air Force Mirage 2000Cs. RAF Typhoons will deploy for a limited period during December."
"Typhoon Force is currently declared to NATO and is due to undertake its first deployment to Keflavik, Iceland in December to provide air surveillance and interception capability. The deployment is being undertaken in support of NATO's agreement to meet Iceland's peacetime need for Quick Reaction Alert cover. The first three-month commitment was provided by French Air Force Mirage 2000Cs. RAF Typhoons will deploy for a limited period during December."
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Too late to defend Iceland now - the Russians have just bailed out their economy, reportedly getting a deal in return to use Keflavik. I doubt the Americans will be too pleased...
Rebel PPRuNer
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Time to start worrying about upgrading Canada's QRA capability on the east coast!
(edit - if Tom Clancy had thought of the Russians buying rather than invading Iceland, Red Storm Rising might have been less of a doorstop!)
(edit - if Tom Clancy had thought of the Russians buying rather than invading Iceland, Red Storm Rising might have been less of a doorstop!)
Ecce Homo! Loquitur...
Too late to defend Iceland now - the Russians have just bailed out their economy, reportedly getting a deal in return to use Keflavik.
Near-bankrupt Iceland's €4bn ($5.43bn) loan from Russia is still not a done deal. Iceland's central bank Governor David Oddsson says that talks are still "ongoing" but that any aid from Russia would be "very much welcomed."
You can understand why Iceland is desperate for a massive euro-injection in the current bank crisis: the Sedlabanki, the central bank in Reykjavik, urgently needs euros because it has only €4.5bn in its current reserves and the country’s banking system needs to refinance about €10bn before year end -- not easy when the Icelandic krona has fallen 40 per cent against the Euro currency so far this year.
But what price will the Russians demand for their bailout? A highly-placed source in Reykjavik tells Coffee House that Iceland might look kindly on requests from Russia's military to use America's former military base in Iceland. America closed its Naval Air Station at Keflavik Airport two years ago, handing back the Nato facility to the Icelandic government.
Now the word in Reykjavik is that the Russians could have use of it in return for the loan. Not that Keflavik would become a Russian air base -- Iceland is a member of Nato, so that is out of the question -- but it would suit the Kremlin to be able to use it for, say, refuelling and maintenance. Having use of such a facility only a few hours flying time from North America would be a major Russian propaganda coup and cause consternation in Washington.
Iceland is in two minds. It wants to remain a loyal Nato member. But it is also in financially desperate straits and there is some resentment about the abrupt manner in which the Americans left, leaving the massive facility to deteriorate. So Iceland might look more kindly on any Russian request than the rest of Nato thinks.
UPDATE: Sources in Reykjavik, who've now read our story, tell Coffee House that Iceland turned to Russia for a loan after the EU, the Scandinavian countries and the US Federal Reserve turned it down.
Well off-thread but...
Where did the Icelandics get their money from in the first place to bankroll all their bank/football team/airline buy-outs?
I remember hints a few years ago it might not be the cleanest roubles...
And, this is well off-topic: where's the money gone? Like the whole banking thing the money wasn't shredded, all the deals had two parties. These banks have lost a shed-load of cash. To whom? Someone's got it.
Anyway back to bat-hanging in the Whifferdill...
Where did the Icelandics get their money from in the first place to bankroll all their bank/football team/airline buy-outs?
I remember hints a few years ago it might not be the cleanest roubles...
And, this is well off-topic: where's the money gone? Like the whole banking thing the money wasn't shredded, all the deals had two parties. These banks have lost a shed-load of cash. To whom? Someone's got it.
Anyway back to bat-hanging in the Whifferdill...
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PM Announcement on Iceland
The PM has announced to the media that the UK will look at taking legal action against Iceland regarding its financial istitutions. Great way to hack off a NATO member who is actively being courted by Russia!
Bets on the Typhoon deployment going ahead?
Bets on the Typhoon deployment going ahead?
